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Senegal’s Trade Deficit Narrows by 70% on Export Boom

Dakar, Senegal. © Pexels
  • September exports surge by 85%, driven by gold, petroleum products, and titanium
  • Imports drop nearly 15%, reflecting a shift toward local supply and reduced crude oil purchases

Dakar, Senegal – Senegal’s trade deficit shrank dramatically to $195.3 million in September 2024, a 70% decline from $663 million in August, according to the latest bulletin from the National Agency of Statistics (ANSD). The narrowing gap was fueled by a surge in exports and a sharp drop in imports.

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